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Immunovant Valuation Multiples

Discover revenue and EBITDA valuation multiples for Immunovant and similar public comparables like Pharming, Julphar, and Galapagos.

Immunovant Overview

About Immunovant

Immunovant Inc is a clinical-stage immunology company dedicated to enabling normal lives for people with autoimmune diseases. Its focus is on developing IMVT-1402, a potential inhibitor of the neonatal fragment crystallizable receptor (FcRn), to address autoimmune diseases driven by high levels of pathogenic immunoglobulin G (IgG) antibodies. FcRn is involved in preventing the degradation of IgG antibodies, and inhibition of FcRn has been shown to reduce levels of total IgG and pathogenic IgG antibodies. The company operates in a single operating segment, which includes all activities related to the research, development and manufacturing of its product candidates.


Founded

2018

HQ

United States of America
Employees

362

Website

immunovant.com

Financials

LTM Revenue $2.8M

LTM EBITDA -$450M

EV

$2.3B

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Immunovant Financials

Immunovant has a last 12-month revenue (LTM) of $2.8M and a last 12-month EBITDA of -$450M.

In the most recent fiscal year, Immunovant achieved revenue of n/a and an EBITDA of -$438M.

Immunovant expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Immunovant P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $2.8M XXX n/a XXX XXX XXX
Gross Profit n/a XXX n/a XXX XXX XXX
Gross Margin n/a XXX n/a XXX XXX XXX
EBITDA -$450M XXX -$438M XXX XXX XXX
EBITDA Margin -15961% XXX n/a XXX XXX XXX
EBIT -$458M XXX -$438M XXX XXX XXX
EBIT Margin -16244% XXX n/a XXX XXX XXX
Net Profit -$437M XXX -$414M XXX XXX XXX
Net Margin -15483% XXX n/a XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Immunovant Stock Performance

As of July 17, 2025, Immunovant's stock price is $18.

Immunovant has current market cap of $3.0B, and EV of $2.3B.

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Immunovant Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$2.3B $3.0B XXX XXX XXX XXX $-2.77

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Immunovant Valuation Multiples

As of July 17, 2025, Immunovant has market cap of $3.0B and EV of $2.3B.

Immunovant's trades at n/a EV/Revenue multiple, and -5.9x EV/EBITDA.

Equity research analysts estimate Immunovant's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Immunovant has a P/E ratio of -7.0x.

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Immunovant Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $3.0B XXX $3.0B XXX XXX XXX
EV (current) $2.3B XXX $2.3B XXX XXX XXX
EV/Revenue 826.7x XXX n/a XXX XXX XXX
EV/EBITDA -5.2x XXX -5.9x XXX XXX XXX
EV/EBIT -5.1x XXX -5.9x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E -7.0x XXX -8.1x XXX XXX XXX
EV/FCF -5.9x XXX -6.9x XXX XXX XXX

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Immunovant Margins & Growth Rates

Immunovant's last 12 month revenue growth is 1097%

Immunovant's revenue per employee in the last FY averaged n/a, while opex per employee averaged $1.2M for the same period.

Immunovant's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Immunovant's rule of X is -13219% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Immunovant Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 1097% XXX n/a XXX XXX XXX
EBITDA Margin -15961% XXX n/a XXX XXX XXX
EBITDA Growth 4% XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX -13219% XXX XXX XXX
Revenue per Employee XXX XXX n/a XXX XXX XXX
Opex per Employee XXX XXX $1.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX n/a XXX XXX XXX

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Immunovant Public Comps

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EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Benevolent AI XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Immunovant M&A and Investment Activity

Immunovant acquired  XXX companies to date.

Last acquisition by Immunovant was  XXXXXXXX, XXXXX XXXXX XXXXXX . Immunovant acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Immunovant

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Immunovant

When was Immunovant founded? Immunovant was founded in 2018.
Where is Immunovant headquartered? Immunovant is headquartered in United States of America.
How many employees does Immunovant have? As of today, Immunovant has 362 employees.
Who is the CEO of Immunovant? Immunovant's CEO is Dr. Eric Venker, M.D.,Pharm.D..
Is Immunovant publicy listed? Yes, Immunovant is a public company listed on NAS.
What is the stock symbol of Immunovant? Immunovant trades under IMVT ticker.
When did Immunovant go public? Immunovant went public in 2019.
Who are competitors of Immunovant? Similar companies to Immunovant include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of Immunovant? Immunovant's current market cap is $3.0B
What is the current revenue of Immunovant? Immunovant's last 12 months revenue is $2.8M.
What is the current revenue growth of Immunovant? Immunovant revenue growth (NTM/LTM) is 1097%.
What is the current EV/Revenue multiple of Immunovant? Current revenue multiple of Immunovant is 826.7x.
Is Immunovant profitable? Yes, Immunovant is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Immunovant? Immunovant's last 12 months EBITDA is -$450M.
What is Immunovant's EBITDA margin? Immunovant's last 12 months EBITDA margin is -15961%.
What is the current EV/EBITDA multiple of Immunovant? Current EBITDA multiple of Immunovant is -5.2x.
What is the current FCF of Immunovant? Immunovant's last 12 months FCF is -$397M.
What is Immunovant's FCF margin? Immunovant's last 12 months FCF margin is -14059%.
What is the current EV/FCF multiple of Immunovant? Current FCF multiple of Immunovant is -5.9x.

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